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1) Purpose Statement The dependent variable unemployment total (percentage of total labor force) is determined by independent variables Inflation based on consumer prices (annual %),
1) Purpose Statement \"The dependent variable unemployment total (percentage of total labor force) is determined by independent variables Inflation based on consumer prices (annual %), Internet users (per 100 people), Adult Literacy Rate (population of 15+ in terms of percentage), and total fertility rate of women (percentage).\" \"The most important independent variable in this relationship is Adult Literacy Rate because the greater the adult literacy rate the less is the unemployment total (percentage of total labor force) as literacy would make it quite obvious to find job in corresponding sector of studies.\" 2) Definition of Variables Unemployment (Y) refers to the \"share of the labor force that is without work but available for and seeking employment\" as defined by World Bank Data. Since unemployment is in terms of percentage it is a measurement of ratio scale. The World Bank (Data | The World Bank) Inflation (X1) is \"measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly\" as defined by world bank data. The Laspeyres formula is generally used. Since inflation is in terms of percentage it is a measurement of ratio scale. The World Bank (Data | The World Bank) Internet users (X2) are \"individuals who have used the Internet (from any location) in the last 12 months. Internet can be used via a computer, mobile phone, personal digital assistant, games machine, digital TV etc.\" as defined by world bank data. Since Internet users is in terms of per 100 persons it is a measurement of interval scale. With the increase in internet users the rate of unemployment is expected to decrease. The World Bank (Data | The World Bank) UNESCO defines \"The percentage of population aged 15 years and over who can both read and write with understanding a short simple statement on his/her everyday life as a literate person. Generally, Literacy (X3) also encompasses 'numeracy', the ability to make simple arithmetic calculations. Adult illiteracy is defined as the percentage of the population aged 15 years and over who cannot both read and write with understanding a short simple statement on his/her everyday life.\" Since Literacy rate is in terms of percentage it is a measurement of ratio scale. With the increase in Literacy the rate of unemployment is expected to decrease. unesco (n.d.). United Nation Statistics Division of defines the total fertility rate (X4) as a \"widely used summary indicator of fertility. It refers to the number of children a woman would bear if her child-bearing follows the current fertility patterns and she lives through her entire child-bearing years. It is a synthetic measure that provides a good picture of how many children women are currently having.\" Since fertility rate is in terms of percentage it is a measurement of ratio scale. UNdata 3) Data Description The data providing value of Unemployment (Y), Inflation (X 1) and Internet (X2) is obtained by world development indicators from \"World Bank data\". While source of observations for variables Literacy Rate (X 3) and fertility (X4) is literacy rate under the section Education from UNESCO and statistical indicators on men and women from United Nation Statistics Division respectively. The data is provided specifically for 30 countries. This is a cross sectional data since all values are corresponding to same year 2012. Country Name Unemployment Angola Armenia 7.5 18.5 Azerbaijan Bangladesh 5.400000095 4.5 Bolivia Bosnia and Herzegovina 3.200000048 Botswana Brazil Brunei Darussalam 17.70000076 6.900000095 Chad 7.800000191 Comoros 7 Cote d'Ivoire Egypt, Arab Rep. Equatorial Guinea 4 7.599999905 Gabon 20.29999924 Gambia, The 7.699999809 Georgia 15 Greece Hungary 24.20000076 10.89999962 28.20000076 3.799999952 11.89999962 inflation 10.2934943 3 2.5554709 1.06433583 4 6.21818237 4.58637469 6 2.04967446 3 7.54028409 4 5.40196475 0.46410285 8 14.0182054 2 1.76890709 8 1.31272331 8 internet 16.9372101 1 39.16 literacy fertility 70.58037 99.60995 5.14 1.74 54.2 5.75 99.77577 58.78772 2.15 2.16 35.5 65.3560944 8 94.46057 3.23 98.15338 1.13 11.5 48.56 60.2730650 4 86.72881 91.33374 2.62 1.80 95.39485 1.98 2.1 5.97529630 8 37.26705 5.74 75.93975 4.74 2.37895803 40.98163 4.22 7.11815562 6.14677548 9 2.66178438 1 4.25457197 8 0.94366601 1.50151978 9 5.70582934 44 13.9431821 9 8.61671448 9 12.4492287 2 73.86559 2.64 94.51381 4.98 82.2838 3.20 52.00436 4.69 36.94 55.0699934 4 70.5799981 99.73916 1.53 97.36377 99.37356 1.54 1.43 Iran, Islamic Rep. 13.10000038 Iraq 15.10000038 Italy 10.69999981 Mexico 4.900000095 Poland 10.10000038 Singapore 2.799999952 South Africa 25 Spain 25.20000076 Ukraine 7.699999809 Yemen, Rep. 17.60000038 2 27.3573886 4 6.08909641 6 3.04136253 4.11150854 6 3.55686995 4 4.52865064 7 5.41384975 9 2.44591462 8 0.55555555 6 17.2853054 3 5 27.5 84.27951 1.59 7.1 55.8299979 9 79.002 4.54 99.02561 1.48 39.75 62.3099972 7 94.2284 2.23 99.74763 1.42 72 96.36598 1.37 41 69.8099999 4 93.72947 2.38 97.89454 1.50 35.27 99.73022 1.48 17.4465 66.37377 4.94 4) Works Cited Page United Nations Statistics Division (United Nations Statistics Division) http://unstats.un.org/unsd/databases.htm Data | The World Bank (Data | The World Bank) http://data.worldbank.org/ bank, t. w. (n.d.). Unemployment, total (% of total labor force) (modeled ILO estimate). Retrieved from http://data.worldbank.org/indicator/SL.UEM.TOTL.ZS - See more at: http://reffor.us/index.php#sthash.7n6gbJdV.dpuf bank, t. w. (n.d.). inflation, consumer prices (annual %). Retrieved http://databank.worldbank.org/data/views/reports/tableview.aspx?isshared=true - See more at: http://reffor.us/index.php#sthash.cUw5ivcD.dpuf from bank, t. w. (n.d.). Internet users (per 100 http://data.worldbank.org/indicator/IT.NET.USER.P2 - See more at: http://reffor.us/index.php#sthash.JlY2vInc.dpuf from people). Retrieved UNdata (n.d.). Table 2c-child bearing. Retrieved http://unstats.un.org/unsd/demographic/products/indwm/ - See more at: http://reffor.us/index.php#sthash.AemdeW9d.dpuf from unesco (n.d.). Education: literacy rate. Retrieved from http://data.uis.unesco.org/Index.aspx? queryid=166 - See more at: http://reffor.us/index.php#sthash.aFITUqZc.dpuf
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